FACT Fertilizer distributors are pursuing NAB for 13 million over the Megafert/Interfert collapse to go before the banking royal commission. So this is not all over as yet.
FACTs here that shareholders not associates to past and present Directors have had enough of the procrastinations from management and appear to want to save something of the investment they have put into this company. Some return is better than nothing.
FACT past and present Directors have procrastinated on for far too long, we have the money just waiting for the bank to release it, surely they can comprehend that lenders and funders have access to past history of companies and Directors and will not take on serial failures
FACT Agline Pastoral(Subsidiary) was put into receivership by its mortgagee due to its inability to pay its debts, but look back and see how much of the company funds would have been spent on going to be the biggest lamb producers with their own abattoirs in this country to no avail.
FACT The dairy project over the last 2 years has gone from dairy farming to dairy farming, processing and wild ideas of a Fiji arm as well. Agline all over again.
AHF are a perfect example of how management with no knowledge of the industry they are in can decimate shareholder investment.
FACT for any chance of saving some percentage of shareholder investment the board needs to be replaced and not by those associated and aligned to past and present directors.
IMO DYOR
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